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20 Little Known Facts About Ford Motors
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20 Little Known Facts About Ford Motors Getty Images One of the longest and most enduring symbols of America has been the Ford Motor Company. However, how much does anyone truly know about such an American icon? Here are 20 of the least known facts about the institution that still remains a treasured icon today. 20. Ford Was The First Green Company Getty Images Ford factories, both in the US and England, used both animal and human manure to power the factories, burning through 2,000 pounds of the smelly waste per week. This lasted until 1939 when other less expensive fuel methods came to light. I'd hate to be near those factories when on a picnic with my girlfriend! 19. BFFs Forever Getty Images Henry Ford and Thomas Edison were such close friends that Ford took a test tube and captured Edison's final breaths while the latter was on his deathbed. Supposedly, Ford wanted to keep his late friend nearby. Ta...
The Truth About Car Payments
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I’ll always have a car payment. You’ve probably heard that comment before, right? You might have even said it yourself—with a defeated, woe-is-me tone of voice. So what’s the deal? Are car payments really just a way of life? Well, that’s the normal way of thinking. But, as Dave always says: When it comes to money, normal is broke. You want to be weird, and weird people don’t have car payments. So how, exactly, do you live without a car payment? Here’s the deal. Recent statistics show that one-third of car buyers sign up for a six-year loan at an average interest rate of 9.6%. Among these buyers, the average price of the car is just over $26,000. This means that one-third of the cars you see on the road are dragging a $475 payment behind them. The car dealer won’t tell you that your awesome new car loses about 25% of its value the instant you drive it off the lot . After four years, your car has lost about 70% of its value! What does that mean? After six years,...
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